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20130104
20130112
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for some solutions and what might work, did you find any encouragement in the nominating of jack lew to this very important post of treasury secretary today? >> he does not remind me of alexander hamilton. >> that's all you're going to say? >> that's all i'm going to say. i'll give him a chance to be alexander hamilton. >> but why not? >>y in secretary of the debt would be to, first of all, talk in english in our problems and secondly to understand that the -- the revenues put nort so far have been all political and rhetorical, and what we want is the stern stuff of a monastery -- a monetary approach. we want a dollar in exchange for something tangible. and that's gold bouillon. we've not had that for the past -- well, since 1971, about 0-odd years, and what we need is at least a discussion about the nature of our monetary problem that really is a fundamental source of our fiscal problem. >> why would that work going back to gold bouillon? >> because there's only so much gold and can only be so many dollars. >> there's a limited amount, a limited supply. >> you don't have to rely on
, and i finally figured out why jack lew's signature has all those loops. they are actually zeros and that's how much he's going to add to our debt. >> you don't know that for sure. we're going to have that debate on the debt ceiling in the next month. you don't think we're going to see any spending cuts? >> we have been inculcated throughout our history that they will increase the debt ceiling without ever addressing the real problem which is, correct, 100%, maria, it is spending. >> unless the market forces the hand, too, because one thing our leaders do respond to is the stock market, whereas in the early '80s it was the bond vigilantes that ruled the root i think these guys get terrified when the stock market starts going down because they -- you know, from the way they calibrate things, you don't have bonds to do it so now you have the stock market. >> if you get money supply growing at 12% and bonds are in the biggest bubble in the history of mankind, the money is going to go into stocks. that's the path of least resistance. >> maria, what you have to watch very carefully, you have a
Search Results 0 to 1 of about 2